TEN PRINCIPLES OF
ECONOMICS
3 HOW
1. HOW PEOPLE MAKE DECISIONS (4P)
2. HOW PEOPLE INTERACT (3P)
3. HOW THE ECONOMY AS A WHOLE
WORKS (3P)
HOW PEOPLE MAKE DECISION
1. TRADE-OFFS
2. COST
3. MARGIN
4. INCENTIVES
HOW PEOPLE INTERACT
5. TRADE
6. MARKETS
7. GOVE